Everything You Need to Know About Finding Self Storage in Luna Pier, MI

If you're searching for self storage in Luna Pier, there are a few things you should keep in mind. Storage unit prices and availability in Luna Pier are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Luna Pier.

Luna Pier, MI Moving and Storage

One of the primary uses of self storage is as a safe place to keep your things between moving homes. If many people are moving to or from Luna Pier, prices could be higher and availability lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Luna Pier we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Luna Pier declined from 1,434 in 2010 to 1,395 in 2014, a loss of -2.72%.

The Real Estate Climate and Self Storage in Luna Pier, MI

One way to get an idea of the demand for housing and storage space in Luna Pier is to look at housing occupancy and vacancy rates. If there's low vacancy rates in Luna Pier housing, there's likely low vacancy at Luna Pier storage facilities. This would allow storage facilities in Luna Pier to charge higher prices for their units. According to US Census estimates, 86.6% of housing units in Luna Pier are occupied, while the vacancy rate is at 13.4%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Luna Pier may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Luna Pier than in other cities.

There are 7 self storage units in Luna Pier, MI in a 15 mile radius to choose from. This means fewer options for you to choose from, so storage prices in Luna Pier, MI may be higher than average due to less competition.

Using $1.00/sqft as a national average, the average price for a self storage unit is $1.18. This is 18.06% higher with $0.18 net increase in cost per square foot. You'll be paying more in medium to large cities as storage prices are generally higher in densely populated areas.